The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-27
CONDITION OF THE MARKETS
Wheat Opens at Higher Figures, but
"Bear" Influences Finally Prevail,
Corn Fluctuates Slightly, but No Very
Material Change Occurs in Prices.
MONEY, BONDS AND STOCKS.

Better Feeling in the Market, Though the
''Bears" Make Several Savage Attacks.
NEW YORK. Aug. 26-Money on call was &C
i've at TO s per cent, the last loan being
made at per cent, closing at al.
Prime mercantile paper. 81 40 per cent
Sterling exchange was dull at 81 803 for sixty
lay bills and 81 s22 for demand.
The total sales of stocks to-day were 380. 993
shares, including the following: Delaware,
Lackawanna & Western, 14.120; Erie, 1855;
Kansas g. Texas, $3.50; Lake Shore, 14,3l0;
Louisville g. Nashville, 11.750; Missouri Pacific.
Ill, 345; Northwestern, 1870; New Jersey Central.
5.2S5; Northern Pacific, $50; Northern Pacific,
preferred. $780, Oregon g. Transcontinental,
AZ, sos; Peoria, Decatur 81 Evansville, 1850;
Reading 109 100; St. Paul, %, 305; st. Paul &
Omaha. AGO. Texas Pacific, 3,475; Union Pa
cifc, 10, $50; Western Union. 1920
There was a much better feeling exhibited in
the stock market this morning and better
figures were made all along the line, Missouri
Pacific adding to the improvement by a hand
pome advance. The ''bears,D however, pursued
the same tactics VIII eh have been successful
heretofore. and in searching for weak spots dis
covered that there little or no support for
stocks, and q vigorous onslaught was made,
directed especially against the Southern and
Oregon stocks. Disgusting rumors of all kinds
were circulated, and the story that large
operator in financial difficulties was very
successful in creating an unsettled feeling.
The assertion that several large houses
were unloading their specialties also used
with considerable effect. and money rates were
bid up to per cent. When the pressure was
moved q handsome recovery ensued, though the
lowest figures showed losses ranging up to
per cent and IN most stocks the lowest figures
yet attained In the present decline were estab-
l1ished. Oregon Navigation, Oregon g. Trans
continental Richmond q West Point, Reading
nd San FrapeiscO prefprrGd the SDecial OBJ
Hects OF attack. The Gould stocks, with the ex-
ception Of Missouri Pacific, were heavily raided,
while Lackawanua and Louisville 81 Nashville
were specially well held. The market was ac-
tive and strong at the opening, first prices show
hng advances over yesterdays final figures OK
from to per cent. Further fractional ad-
vances were made In the general list,
while Missouri Pacific led off with
q gain Of IT, The strength disappeared,
and Richmond and West Point took a header, be-
ing joined later by Reading and the Oregon
stocks. After noon, however, the great break
OF the day occurred, in which Oregon Navigation,
Reading, San Francisco preferred and several
ally reached before 1 o'clock, and the
market became more quiet, and slowly ad-
vanced until the close, the closing being quiet
and firm, though at materially lower figures
than last night. The important net declines
are: Oregon Navigation, s; San Francisco pre-
ferred, 4; Oregon and TranHcontinental, 3;
Colorado Coal, 2; Reading and Manhattan, II,
and others smaller amounts in the active list,
but several OF the specialties are down from i
to per cent
Railroad bonds were less active to-day and ex-
hibited no special feature, though the tone OF
the dealings was in close sympathy with the
stock market, aud was weak throughout the
day The total sales amounted to 1000, and
there was no special activity in any issue.
The most important losses comprise Central
Iowa irsts, coupon off. 3, at 80; Grand Rapids s.
Indiana fves, 3, at 95; Oregon Improvements
frsts. 3. at 92t; Toledo, Ann Arbor 81 North
Michigan hrsts, 8, at 50.
Government and State bonds were dull and
steady. Closing quotations were: